Does fiscal policy matter for the trade account? : a panel cointegration study /

Does fiscal policy matter for the trade account? : a panel cointegration study /

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Bibliographic Details
Author / Creator:	Funke, Katja, author.
Imprint:	Washington, D.C. : International Monetary Fund, Middle East and Central Asia Dept., ©2006.
Description:	1 online resource (25 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/06/147 IMF working paper ; WP/06/147.
Subject:	Balance of trade -- Econometric models. Demand (Economic theory) -- Econometric models. Expenditures, Public -- Econometric models. Fiscal policy -- Econometric models. Imports -- Econometric models. Balance of trade -- Econometric models. Demand (Economic theory) -- Econometric models. Expenditures, Public -- Econometric models. Fiscal policy -- Econometric models. Imports -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12498542

Hidden Bibliographic Details
Other authors / contributors:	Nickel, Christiane, author. International Monetary Fund. Middle East and Central Asia Department.
ISBN:	1283512378 9781283512374 9781452702483 1452702489
Digital file characteristics:	data file
Notes:	Includes bibliographical references. Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This paper analyzes the empirical relationship between fiscal policy and the trade account. Research prior to this paper did not consider that the components of private and public demand in the import demand equation exhibit different elasticities. Using pooled mean group estimation for annual panel data of the G-7 countries for the years 1970 through 2002, we provide empirical evidence that the composition of overall demand-i.e., the distribution among public demand, private demand, and export demand-has an impact on the magnitude of the trade account deficit.
Other form:	Print version: Funke, Katja. Does fiscal policy matter for the trade account?. Washington, D.C. : International Monetary Fund, Middle East and Central Asia Dept., ©2006

Table of Contents:

Contents
I. INTRODUCTION
II. THE GOVERNMENT SECTOR AND THE TRADE ACCOUNT
III. THE MODEL SPECIFICATION
IV. EMPIRICAL ANALYSIS AND RESULTS
V. SUMMARY AND CONCLUSION
APPENDIX 1: DATA DESCRIPTION AND SOURCES
APPENDIX 2: SINGLE TIME-SERIES ESTIMATIONS OF TRADE ELASTICITIES FOR THE G- 7 COUNTRIES
REFERENCES